Boston, MA -- (SBWIRE) -- 10/11/2016 -- In order to prevent wear and tear, electric dryers use steam to get rid of wrinkles, and remove odor. Eco-monitors on the LCD screens tell users about the energy used and efficiency of the dryer. Some electric dryers are also equipped with self-cleaning abilities such that the dryer is cleaned with the condensed water. With the frequency of fires caused by electric dryers, it is essential for vendors to incorporate this technology which will prevent the accumulation of lint and lower energy consumption.

Technavio's analysts forecast the global electric dryers market to grow at a CAGR of 4.27% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Global Electric Dryers Market 2016-2020

Covered in this report
The report covers the present scenario and the growth prospects of the global electric dryers market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sale of electric dryers (that come as only dryer units or as washer and dryer combined into one unit) to the residential consumer segment.

The market is divided into the following segments based on geography:

-APAC
-Europe
-North America
-ROW

Technavio's report, Global Electric Dryers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Electrolux
-GE (General Electric)
-LG Electronics
-Samsung Electronics
-Whirlpool

Other prominent vendors

-Arcelik
-Asko
-Crosslee
-Gorenje
-Haier
-Hoovers
-Kenmore Appliances
-Midea
-Miele
-Panasonic
-Robert Bosch
-Smeg

Market driver

-Growing need for energy-efficient electric dryers
-For a full, detailed list, view our report

Market challenge

-Low penetration of washer in developing countries reflecting the low demand for electric dryers
-For a full, detailed list, view our report

Market trend

-Innovative features: Smartphone control and wrinkle reduction
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Electrolux, GE, LG Electronics, Samsung Electronics, Whirlpool, Arcelik, Asko, Crosslee, Gorenje, Haier¸ Hoovers, Kenmore Appliances, Midea, Miele¸ Panasonic, Robert Bosch, Smeg

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